News Overview

Punjab National Bank has reported borrowal fraud of Rs 206014 crore in NPA account of ILFS Tamil Nadu Power Co at Extra Large Corporate Branch at Delhi Zonal Office Delhi The Bank has already made provisions amounting to Rs 82406 crore as per prescribed prudential norms

Ramco Systems has received the following ratings for Rs 21450 crore bank facilities of Ramco Systems The outlook on the long term rating is revised from Stable to Negative Long term fund based CC reaffirmed – ICRA A; Negative Short term fund based facilities reaffirmed – ICRA A2 Short term non-fund based facilities reaffirmed – ICRA A2 Unallocated reaffirmed – ICRA A; Negative ICRA A2

SBI Cards Payment Services will hold a meeting of the Board of Directors of the Company on 22 March 2022

Jubilant Pharmova announced that Jubilant Pharma a material wholly owned subsidiary of the Company through one of its subsidiaries Jubilant Cadista Pharmaceuticals Inc has received Abbreviated New Drug Application ANDA final approval for Doxepin Hydrochloride Capsules 10 mg 25mg 50mg 75mg and 100mg the generic version of Sinequan which is used for the treatment of anxiety depression and other target symptoms of psychoneurosis As on […]

Macrotech Developers Lodha announced that the credit rating of the USD Senior Notes listed on the Singapore Stock Exchange issued by Lodha Developers International its subsidiary has been upgraded to B2 with positive outlook by Moodys Investors Service

United Nilgiri Tea Estates Company announced that the Board of Directors of the Company at its meeting held on 16 March 2022 inter alia have recommended the inteirm dividend of Rs 1 per equity Share ie 10Percentage subject to the approval of the shareholders

JK Paper has received reaffirmation in credit ratings from CRISIL as under Long term rating bank loan Rs 2699 crore – CRISIL AA-Stable Non convertible debentures Rs 595 crore – CRISIL Aa-Stable Fixed deposits Rs 100 crore – FAA Stable Commercial paper Rs 150 crore – CRISIL A1

Rossell India will hold a meeting of the Board of Directors of the Company on 22 March 2022

Steel Authority of India announced that the Board of Directors of the Company at its meeting held on 16 March 2022 has recommended a Second Interim dividend of Rs250 per share ie25Percentage subject to the approval of the shareholders

Adani Power has completed today the acquisition of 100Percentage of paid up share capital and management control of Essar Power M P EPMPL a company undergoing insolvency resolution under the Insolvency and Bankruptcy Code The cost of acquisition of EPMPL along with rehabilitation cost is over Rs 4250 crore for 1200 MW power plant including estimated cost of compliance on environmental and emission norms